DealMakerz

Complete British News World

Started in Sweden - Arriva now sells in more countries

Started in Sweden – Arriva now sells in more countries

Since Arriva Group sold its Swedish operations earlier this year, it now continues sales in several other countries, including purchased city bus traffic in Warsaw. Photo: Areva.

The bus and train operator Arriva Group, owned by Deutsche Bahn, continues to sell its operations in several countries. In July of this year, Arriva sold the Swedish operations to the Finnish railway company, VR Group (click here). On Tuesday, it became clear that Arriva is selling its operations in Denmark and Serbia as well as bus operations in Poland. The buyer is Mutares Investment Company. The Arriva Group is owned by the German railway company DB, Deutsche Bahn.

The deal covers all of Arriva’s operations in Denmark: bus traffic, train traffic and water buses in Copenhagen. The deal also includes the UCplus training business and the Arriva franchise in car-sharing company Share Now.

In Serbia, Arriva sells its bus operations, which is the second largest in the country.

In Poland, Arriva sells city traffic purchased in Warsaw as well as bus traffic purchased in the Kujawsko-Pomorskie and Pomorskie regions. However, rail traffic on Areva in Poland is included in the deal. This will continue to be part of the Arriva Collection.

The deal is expected to be completed by the end of this year and is subject to approval by the authorities, the German Ministry of Communications and Deutsche Bahn’s board of directors.

Arriva buses operations in Lisbon, Portugal, are also up for sale. The buyer there is investment fund Dan Group, and the transaction is expected to close later this year.

See also  "The most controversial figure in European politics"

The sales are part of the strategy that the Arriva Group put in place last year to focus on its core markets of the UK and continental Europe.


Marked as: Arriva, Arriva Group, Denmark, Deutsche Bahn, Mutares, Poland, Portugal, Serbia, VR

categorized in: world news